707 W 80th St Los Angeles, CA 90044
Vermont Knolls Neighborhood
0.21
Acre
$3,370,787
Price per Acre
9,305
Sq Ft Lot
About This Lot
As of April 2025PRICE REDUCED! We are pleased to present for sale a wonderful development opportunity located in the Vermont Knolls neighborhood of South Los Angeles! Located on an oversized 9,300 sqft lot zoned R3-1, the subject property is an excellent fit for an ED1 100% fully affordable project OR build up to 22 units using TOC Tier 1 incentives. The site is a single family owner occupied home that will be delivered VACANT = no dealing with tenant relocation or SB 8 low income replacement!! The lot measures 50 by 186 ft and is FLAT. Low price per square foot of just $91/SF on current asking price. Located in South LA walking distance to Smart & Final, Chase, McDonalds, Subway, freeways, and more. Do not miss this opportunity to build in a high rental demand pocket of Los Angeles at this low of a low price point!! Contact listing agent for more details.
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,203
Year Built
- 1919
Lot Details
- 9,305 Sq Ft Lot
- Lot Dimensions are 50x186
- Property is zoned LAR4
Utilities
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 6032-027-008
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 5, 2024
Closed on
Apr 23, 2025
Sold by
Marruffo Socorro and Marruffo Demetrio
Bought by
Zohar Company Llc
Seller's Agent
Daniel Shamooelian
Keller Williams Beverly Hills
Buyer's Agent
Daniel Shamooelian
Keller Williams Beverly Hills
List Price
$850,000
Sold Price
$720,000
Premium/Discount to List
-$130,000
-15.29%
Total Days on Market
60
Views
103
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,087
Avg. Annual Appreciation
2482.13%
Purchase Details
Closed on
Nov 10, 2006
Sold by
Marruffo Socorro
Bought by
Marruffo Socorro and Marruffo Demetrio
Purchase Details
Closed on
Aug 28, 2006
Sold by
Marruffo Demetrio and Marruffo Socorro
Bought by
Marruffo Socorro
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
7.85%
Mortgage Type
Purchase Money Mortgage
Map
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Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $720,000 | Old Republic Title Company | |
| Warranty Deed | -- | Chicago Title Insurance Co | |
| Warranty Deed | -- | Chicago Title Insurance Co | |
| Warranty Deed | -- | Financial Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $320,000 | Negative Amortization | |
| Previous Owner | $285,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/25/2025 04/25/25 | Sold | $720,000 | -9.9% | $567 / Sq Ft |
| 02/03/2025 02/03/25 | Pending | -- | -- | -- |
| 01/23/2025 01/23/25 | Price Changed | $799,000 | -6.0% | $630 / Sq Ft |
| 12/05/2024 12/05/24 | For Sale | $850,000 | -- | $670 / Sq Ft |
Source: The MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,203 | $154,538 | $83,679 | $70,859 |
| 2023 | $2,170 | $151,509 | $82,039 | $69,470 |
| 2022 | $2,084 | $148,539 | $80,431 | $68,108 |
| 2021 | $2,051 | $145,627 | $78,854 | $66,773 |
| 2020 | $2,068 | $144,135 | $78,046 | $66,089 |
| 2019 | $1,991 | $141,310 | $76,516 | $64,794 |
| 2018 | $1,903 | $138,540 | $75,016 | $63,524 |
| 2016 | $1,814 | $133,162 | $72,104 | $61,058 |
| 2015 | $1,791 | $131,162 | $71,021 | $60,141 |
| 2014 | $1,814 | $128,593 | $69,630 | $58,963 |
Source: Public Records
Source: The MLS
MLS Number: 24-469769
APN: 6032-027-008
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